Patrick Deval L - Sep 21, 2021 Form 3 Insider Report for Toast, Inc. (TOST)

Role: Director
Signature: /s/ Brian R. Elworthy, as Attorney-in-Fact
Stock symbol: TOST
Transactions as of: Sep 21, 2021
Transactions value $: $0
Form type: 3
Date filed: 9/21/2021, 08:25 PM
Previous filing: Sep 17, 2021
Next filing: Sep 27, 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	TOST	Restricted Stock Units							Sep 21, 2021	Common Stock	22.9K		Direct	F1, F2, F3

Showing 1 to 1 of 1 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock shall be reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7. Each outstanding share of Class B Common Stock will be convertible into one share of Class A Common Stock at any time at the option of the holder or automatically upon the occurrence of other events set forth in the Issuer's certificate of incorporation.
F2	The Restricted Stock Units ("RSUs") shall vest in three equal annual installments over three years following February 22, 2021, contingent upon completion of the Issuer's public offering.
F3	RSUs convert into Class B Common Stock on a one-for-one basis upon vesting and settlement.

Remarks:

Exhibit 24 - Power of Attorney